Webjet Limited (AU:WEB) has released an update.
Webjet Limited announced a proposed demerger, allowing shareholders to vote on separating its B2C division into a new entity, Webjet B2C, and renaming the parent company to WEB Travel Group Limited. Shareholders will receive one Webjet B2C share for each share held if the demerger is approved. The company’s board and an independent expert from KPMG endorse the demerger as beneficial for shareholders.
For further insights into AU:WEB stock, check out TipRanks’ Stock Analysis page.
